Just Group adds full value protection option to secure lifetime income product
The changes aim to make SLI simpler and offer a clearer death benefit for clients who want to get the most value if they die early.
Retirement planning complexity drives demand for bespoke investment services – Rathbones
Research found that 97% of IFAs expected rising demand for bespoke portfolios managed by third party wealth managers.
15 million people at risk of retirement poverty – Scottish Widows
Scottish Widows’ research found that 39% of people in the UK were not on track for a minimum retirement lifestyle, up from 35% in 2023.
Annuities understanding rises by 25% among over-50s, misconceptions remain – Standard Life
Research revealed that the number of people correctly identifying that lifetime annuities provide a guaranteed income for life rose from 39% in 2023 to 49%.
Government launches pension pot consolidator to boost retirement savings by £1,000
Unveiled today, Thursday 24th April, by Pensions Minister Torsten Bell, the initiative will introduce a small pensions pot consolidator as part of the upcoming Pension Schemes Bill.
‘#Corporatelife’ trend highlights Gen Z career shifts – Standard Life
The hashtag #corporatelife, now dominating platforms like TikTok and Instagram, sees young professionals glamorising the modern workplace, from curated desk setups to rooftop happy hours.
Women’s income typically drops 50% in the year after divorce, finds L&G
The findings pointed to the disproportionate economic hit women take following separation, with longer-term consequences for their financial wellbeing and retirement.
Majority of UK adults underestimate retirement needs as confidence in saving plummets
New research from St. James’s Place shows that UK adults are severely underestimating how much they need for retirement, with just 28% confident they can save enough for a moderate lifestyle.
IFAs adjust pension planning strategies post-Autumn Budget – Standard Life
Two thirds (69%) of IFAs have advised clients to increase their retirement income withdrawals.
Majority of UK adults rethink retirement due to IHT changes on pensions, survey finds
The survey revealed that 21% intended to withdraw more money from their pensions to spend it, and 19% aimed to gift it.
WASPI women continue fight for pension compensation, report reveals
The WASPI group argued women were not properly informed that their state pension age would increase from 60 to 65 (now 66).
Quarter of girls projected to live to 100, raising pension concerns – ONS
The ONS projected that boys born in the UK in 2023 can expect to live to 86.7 years on average, and girls to 90.0 years.
